Natural catastrophes (Nat Cats)
Aon Benfield estimates £1.2bn snow losses
The recent adverse weather across Europe has caused an “economic loss” of £1.2bn in Britain alone, according to an estimate from Aon Benfield.
Aon Benfield estimates £1.2bn snow losses
The recent adverse weather across Europe has caused an “economic loss” of £1.2bn in Britain alone, according to an estimate from Aon Benfield.
View from the top: Staying ahead of the game
So, business plans have been approved and/or amended and 2011 looms ever closer. In today's market there is at least one certainty: it will be just as challenging to produce an underwriting profit next year as it has been in 2010.
Postscript - 30 years ago: Korean 747 crash to cost insurers $50m
Looking through Post's back catalogue paints a uniqur picture of more than 150 years of insurance news, as this highlight form 30 years ago reveals.
Claims roundtable - Rising stars: Cream of the crop
Every year, Post's Claims Club identifies and rewards rising stars — who together represent the future of the claims profession. Ant Gould met up with some of this year's finalists to garner their views on the state of the claims nation.
Cumbrian floods - Lessons learned: A timely reminder
A year on from Cockermouth and the UK faced another major flooding incident, in Cornwall. Jim Pittman examines how the industry coped in Cumbria and asks what lessons have been learned for dealing with extreme weather.
Claims supplement - Where next for claims?: Fully equipped
Ajoy Menon and Renuka Sridhar look at the changing face of claims management and the tough decisions that need to be taken.
Climate experts gather for Cambridge research findings
Leading figures from the world of climate science, government and mathematics will today hear findings from a research programme aimed at advancing climate change forecasts.
CILA praises industry flood response
The Chartered Institute of Loss Adjusters has praised its members’ response to the Cumbria floods of 2009, one year on.
Sagicor income falls to $33.4 m
Sagicor has recorded a drop in net income in the first nine months of the year to $33.4 m (£20.75 m) compared to $64.0 m in the same period in 2009.
Reinsurance aids Beazley's "modest" GWP growth
Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).
Amlin posts 39% GWP surge
Specialist insurer and reinsurer Amlin has recorded a 39% increase in gross written premium for the 10 months ended 31 October despite a “mixed” trading environment.
Markel International combined ratio slips to 99% following H1 losses
Markel International has reported gross written premiums of $574.0 m for the nine months to 30 September 2010, compared to $510.0 m for the same period in 2009.
Aon: Solvency II Nat Cat predictions ignore 15 years of evolution
Natural catastrophe calculations are ignoring 15 years of critical evolution under the currently proposed Solvency II Standard Formula, which could lead to higher capital requirements for insurers when the regulation comes into force.
Swiss Re almost doubles Q3 profit and terminates Berkshire Hathaway loan
Swiss Re reported third-quarter net income of $618m, compared to $314m in the prior-year period.
Environmental liability - Toxic sludge: No fudge over sludge
The recent high profile toxic sludge incident in Hungary has been described as a 'tragedy' by the country's government. Ralph Savage reports how experts from the rural insurance and legal communities and further afield are assessing the situation.
Technology - Catastrophe claims: Reaching high expectations
Although insurers cannot consider catastrophe events routine, by using the latest technology they can make proactive claims management a reality, argues Laura Drabik.
Am Best revises Hannover Re rating
AM Best Europe has revised the outlook to positive from stable for the ratings of Hannover Re and its related debt issues and rated subsidiaries.
Paraline considers acquisitions and hires following launch
New Lloyd's venture Paraline has pledged to expand its geographical reach and range of products following its official launch last week.
Major loss: Repair or replace?
When a business suffers an unexpected catastrophe, Veronica Cowan looks into the decision making behind the option to repair or replace damaged premises, stock or machinery.
Hannover Re subsidiary anticipates stable prices in Germany
E+S Rück, which bears responsibility for German business within the Hannover Re Group, is predicting a stable environment in Germany in 2011.
Hannover Re subsidiary anticipates stable prices in Germany
E+S Rück, which bears responsibility for German business within the Hannover Re Group, is predicting a stable environment in Germany in 2011.
Exclusive content now available on Post Europe
Post Europe’s weekly update is now live with a look at cross-boarder technology, as well as a View from the Top opinion on how governments should support insurers efforts to deal with natural perils.
Post Europe, View from the Top: Getting wet feet is not enough
The events of summer 2010 made all too evident the dramatic consequences that global warming can have: the heat wave in Russia and the monsoon rains in Pakistan are extreme events that take place only very rarely.